Director of FP&A, Pie Insurance
$160-200k
+ Equity
Small business insurance
Open for applications
Small business insurance
201-500 employees
Open for applications
$160-200k
+ Equity
201-500 employees
Company mission
To make insurance less expensive, simpler, and more transparent for small business owners.
Role
Who you are
- The ideal candidate will have deep experience in the P&C insurance industry and a fundamental understanding of insurance accounting and financial modeling of GAAP and statutory insurance carrier financial statements
- This person will be able to critically analyze current and projected results with the ability to aid in executive decision making
- A Bachelor’s Degree in Finance, Business, Economics, Accounting or related fields is required. MBA or CPA preferred
- 10+ years of experience in financial planning and analysis
- 5+ years in a finance leadership role within the P&C insurance industry
- In-depth knowledge of financial regulations, accounting principles, and insurance industry best practices
- Proven track record of developing and implementing financial strategies that drive business growth and profitability
- Strong analytical and problem-solving skills, with the ability to interpret complex financial data and provide actionable insights
- Excellent communication and presentation skills, with the ability to influence and engage stakeholders at all levels of the organization
- Demonstrated leadership and team-building skills, with a focus on developing and mentoring talent
- Highly advanced modeling skills and advanced proficiency in Excel, PowerPoint; proficiency in Google Sheets and Google Slides is a plus
- Demonstrated ability to multitask and meet deadlines within a fast-paced environment
- Sage Intacct, Adaptive, and Workiva experience preferred
What the job involves
- Reporting directly to Pie’s Deputy Chief Financial Officer, the Director, Financial Planning and Analysis (FP&A) will play a critical role in driving the financial strategy, planning and analysis for Pie
- This role will be responsible for building strong relationships across the finance team and numerous key non-finance stakeholders
- Additionally, this position includes overall management and development responsibilities for the FP&A team
- Develop and implement comprehensive financial strategies to support the company's long-term goals
- Lead and prepare the annual budgeting and quarterly forecasts, ensuring alignment with corporate objectives
- Provide strategic recommendations based on financial analysis and projections
- Oversee the preparation and review of financial reports, including variance analysis, trend analysis, and key performance indicators (KPIs) for management, the board of directors and investors
- Conduct in-depth analysis of financial results, identifying opportunities for cost savings, revenue growth, and operational efficiencies
- Ensure accurate and timely financial reporting in compliance with industry standards and regulatory and rating agency requirements
- Provide financial forecasting and analysis support for fundraising, reinsurance negotiations, and potential future acquisitions
- Model maintenance and reporting on Pie equity including capital table and equity waterfall
- Establish relationships with, and distribute reporting to Pie’s investors
- Collaborate with business leaders to develop and monitor financial performance and KPI metrics
- Act as a strategic partner to senior management, providing financial insights and guidance to support decision-making
- Drive cross-functional initiatives to improve financial processes and enhance overall business performance
- Lead, mentor, and develop a high-performing FP&A team
- Review team’s work for quality and accuracy. Provide feedback
- Foster a culture of continuous improvement, accountability, and collaboration within the team
- Ensure the team is equipped with the necessary tools and resources to succeed in their roles
- Develop or enhance FP&A processes that are complete, timely, and accurate
- Eye for efficiency and scalability of FP&A processes in a growing organization
- Strength in adopting new technology to aid in business objectives
Our take
Historically, it’s been extremely cumbersome to qualify, onboard and manage workers’ comp insurance, particularly for America’s small businesses which haven’t been prioritized by larger carriers. That’s left small businesses often stranded with expensive and low-quality coverage.
Pie Insurance is changing all that though its technology-first model. Using data and analytics to better comprehend risk and speed up the decision making process, it reduces the time to make an underwriting decision to a few minutes. Facing only legacy competition in an industry ripe for disruption, Pie Insurance has enjoyed rapid growth and received significant investment funding from backers in the InsurTech space.
Having recently acquired a nationally licensed insurance company, Pie Insurance is now able to directly issue its own policies nation-wide. Currently available in 38 states, it will be aiming to expand its operations into the remaining states and territories to provide insurance to small businesses across the entire USA.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
4% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Sep 2022
$315m
SERIES D
Mar 2021
$118m
SERIES C
Total funding: $620.3m
Company benefits
- A piece of the pie (in the form of equity)
- Comprehensive health plans
- Generous PTO, including paid sick leave
- Future focused 401k match
- Generous parental and caregiver leave
- Our core values are more than just a poster on the wall; they’re tangibly reflected in our work
- Parental leave
- Caregiver leave
- HSA and Health FSA
- Dependent Care FSA
- Pet insurance
Company values
- Integrity | Do the right thing when no one is watching and treat everyone with respect
- Ownership | Put the best interest of the company first and get things done with urgency
- Simplicity | “Make everything as simple as possible, but not simpler.” -Albert Einstein
- Service | Take care of our customers always; if it serves small business, it serves Pie
Company HQ
Connecticut Ave/ K Street, Washington, DC
Articles
Leadership
Dax Craig
(President)MD of 11x Holdings which invests in commercial and residential real estate. Also Co-founded Valen Analytics, data and analytics provider for property and casualty insurance.
John Swigart
(CEO)Previously CMO for RapidFinance. Also worked as CMO for Esurance, starting off as VP of Finance in 2000.
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